Satoshi's TAKE-TWO: New blockchain protocol poised to bring digital currency to the masses.

Zug, Switzerland, 8 April, 2019 (APA/OTS) - A Swiss public-benefit Foundation, the Swiss Shakti Foundation, headquartered in Zug, Switzerland, is about to unveil a blockchain-based currency called Shakti Coin (SXE) that promises to usher in a new era of smart money. The new stablecoin is based on a revolutionary blockchain protocol called Proof-of-Effort (PoE) that is intended to democratize mining and make Shakti Coin the world's most practical medium of exchange.

This news comes a decade after the launch of Bitcoin, the world's
first blockchain-based currency developed by Satoshi Nakamoto.
Shakti Coin's developers learned from Bitcoin's strengths as well as
its shortcomings to develop a true medium of exchange for day-to-day
transactions. Shakti Coin highlights include easy to use, stable
value, legal compliance, speeds of over 10,000 transactions per
second (TPS), direct wallet-to-wallet transfers, as well as mining that is both democratized and energy efficient.

The PoE protocol replaces the power-hungry Proof-of-Work protocol
used by Bitcoin and others without compromising on security. For
example, a computer dedicated to Shakti Coin Mining would consume
about the same power as an average email server. This new digital
currency's unique mining protocol, PoE, eliminates the problematical
power consumption while establishing a capacity to scale. The new
coin also has a large social-good element as it encourages education
and financial inclusion globally.

Shakti Coin views compliance as one of the keys to ease-of-use. To
that end, the currency has been designed around know-your-customer
(KYC) best practices as well as AML, CTFA, and other standards to
thwart illicit use. The organization is also pursuing worldwide
compliance country-by-country by working with service providers.

Day-to-day operations for Shakti Coin are directed by of SXE
Network Operations LLC, with headquarters in Berkeley, California.
The Berkeley office has the mandate to achieve regulatory
compliance, and best practices. SXE Network Operations is also
responsible for maintaining and developing the Shakti Blockchain
Network and Shakti Wallet app, signing up miners, and ensuring an
orderly roll-out and uptake by users worldwide.

Distributed Ownership Shakti Coin preserves Satoshi's singular mandate of placing
ownership within the hands of the people. The Network will be 100%
owned and operated by the public, anyone can participate in mining
the Shakti Coin, and no coin will be pre-mined. No initial coin
offering (ICO) will be made. The Foundation is aiming to fund the
launch of SXE Coin based on the sale of mining licenses.

The Shakti Project is a grassroots effort. It was started by
ordinary parents, educators, and blockchain enthusiasts. For over
two years, this initiative has been supported by volunteers from
more than 30 countries in five different time zones. What binds them
together? The idea that currency can be a catalyst for social
change. In the coming weeks, the Shakti Foundation will publish its
white paper and begin to accept applications to mine Shakti Coin.
These are the first steps in a movement that the Shakti Foundation
believes will revolutionize the global economy. Details on Shakti
Coin can be found at https://www.shakticoin.com.

About us:

The Swiss Shakti Foundation is a non-profit organization in Crypto
Valley -- Zug, Switzerland dedicated to bringing Shakti Coin to the
world. The Shakti project is an international, grassroots initiative
that exists independent of any affiliation with industry,
government, religion, or political party. Before founding the
Foundation, the project was run under the moniker, "Two Guys from
the Milky Way" (a nod to the developers' favorite game development
team).